Articles of Agreement Law & Legal Definition
Articles of agreement are the fouding document of an entity. They set forth, among other provisions, the purpose and main powers of the entity, voting rights of members, and limitations. It is similar to articles of incoprporation, but more commonly used to refer to the founding document of a non-profit organization.
The following is a sample outline of articles of agreement:
Article I
Purpose
Article II
Membership and Capital
Article III
Operations
Article IV
Organization and Management
Article V
Withdrawal, Suspension of Membership; Suspension of Operations
Article VI
Status, Immunities and Privileges
Article VII
Amendments
Article VIII
Interpretation and Arbitration
Article IX
Final Provisions
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